OFFERING MEMORANDUM

Capital Markets | Net Lease Properties

CBRE, Inc. | Licensed Real Estate Broker

1954 SW GATLIN BOULEVARD, PORT ST. LUCIE, FL 34953

MARK DRAZEKSenior Vice PresidentCapital Markets | Net Lease Properties

For further information:+1 407 404 5022ray.romano@cbre.com

CBRE, Inc. | Licensed Real Estate Broker

EXCLUSIVELY MARKETED BY

RAY ROMANOFirst Vice PresidentCapital Markets | Net Lease Properties

N

WalmartSupercenter

SAM’S CLUB

SW GATLIN BOULEVARD (43,000 AADT)

Brigantine Place

Brigantine Place

SW Fondura

Road

1INVESTMENT SUMMARY

2AREA OVERVIEW

4PROPERTY DESCRIPTION

Investment Highlights City & County OverviewLocal & Regional Maps

Property DescriptionAerial Photographs

Tenant Description

9TENANT SUMMARY

SOUTHEAST

1

WALGREENS | PORT ST. LUCIE, FL

CBRE is pleased to present this long-term, absolute NNN Walgreens in Port St. Lucie, which is one of the top 5 fastest growing cities in Florida. Located just off of Interstate 95 on Gatlin Blvd., this location benefits from being in a heavily trafficked retail corridor (43,000 average daily traffic count) next to Home Depot, Bass Pro Shops, Walmart Supercenter and Sam’s Club. It is also in close proximity to the 8,300 acre master planned community of Tradition and the Tradition Medical Center, which was expended this year and the hospital now has a total of nine stories and 180 patient rooms.

investment highlights• Walgreens is one of the most sought after investment grade tenants in

the nation (S&P Rating: BBB)

• Absolute NNN – No landlord management obligations

• Over 17 years of committed lease term remaining

• Above average reported store sales

• Located at the signalized intersection of Gatlin Blvd. & Fondura Road

• Average daily traffic of 43,000 vehicles on Gatlin Blvd.

• Within a half mile of Interstate 95 interchange

• Just two miles from the entrance to the 8,300 acre master-planned community of Tradition (3,000 residences)

• Close proximity to Tradition Medical Center

• Strong demographics with above average household incomes and population of 55,028 within 3 miles and 118,283 within 5 miles

• Delivered free and clear of debt

INVESTMENT SUMMARY

PRICE: $8,729,000

ANNUAL RENT: $467,000

CAP RATE: 5.35%

TENANT: Walgreens

RENT COMMENCEMENT: April 1, 2009

INITIAL LEASE TERM: 75 years with an option to terminate at the end of 25 years with 12 months’ notice

REMAINING TERM: 17 years

LANDLORD OBLIGATIONS: None, absolute NNN

BUILDING SIZE: 13,566± SF

LAND SIZE: 1.8± acres

PARKING SPACES: 68 spaces

DRIVE THRU: Yes

YEAR BUILT: 2009

2

WALGREENS | PORT ST. LUCIE, FL

AREA OVERVIEW

Port St. Lucie, FLConsisting of 120 square miles with a population of more than 185,000, the City of Port St Lucie is the 8th largest City in Florida and the 3rd largest City in South Florida, the 130th largest City in the United States.

According to the U.S. Census Bureau, Port St. Lucie is one of the top five fastest growing cities in Florida with a growth rate of 3.3% from 2015 to 2016. The City’s rapid growth is due in part to our high quality of life, abundance of market rate housing, our low crime, quality education system and business friendly environment. Port St Lucie is conveniently located half way between Miami and Orlando and is served by Interstate 95, the Florida Turnpike, Florida East Coast Rail, Port of Fort Pierce and the Treasure Coast Airport.

Even with a population of over 1.6 million people within an hour’s drive time of the City, the Port St Lucie MSA is largely free of the traffic congestion and overcrowding common in most Florida metropolitan areas. This is largely due to an abundance of available land, a diverse and affordable housing market, good schools and a proactive local government committed to infrastructure improvements.

The City of Port St Lucie is the ideal location for new and expanding businesses due to our market strength, competitive business costs, affordable livability and our well trained workforce. Allow our team of experts help your company grow and thrive in the City of Port St Lucie.

DEMOGRAPHICS: 1-Mile 3-Miles 5-Miles

2017 Population 6,047 55,028 118,283

2022 Population 6,463 59,205 127,364

Percent Pop Change: 2010 to 2017 1.13% 1.45% 1.42%

Percent Pop Change: 2017 to 2022 1.34% 1.47% 1.49%

2017 Average Household Income $77,320 $74,896 $72,613

2017 Employees 1,066 8,052 23,241

St. Lucie CountyLocated in southeastern Florida, about 120 miles south of Orlando and 60 miles north of West Palm Beach, St. Lucie County lies within a four-county region, referred to as the Treasure Coast.

Convenient transportation access to I-95 and Florida’s Turnpike, rail, seaports, Treasure Coast International Airport, a designated U.S. Customs port of entry, and direct global air access through multiple international airports.

Primary cities within the region include Fort Pierce, Port St. Lucie, Okeechobee, Stuart and Vero Beach. At nearly 300,000 the current population in St. Lucie County, includes 174,000 residents in Port St. Lucie, the largest city in the region. Population on the Treasure Coast stands at over 640,000 with a regional workforce of nearly 280,000.

There are many reasons to choose St. Lucie County, Florida as a place to relocate, expand or launch your business. As an emerging region for cutting edge companies St. Lucie is pushing the frontiers of research in life sciences, bio-technology, energy, aviation, information technology and manufacturing.

This competitive location also provides a spectacular setting in which to work and play. St. Lucie County’s natural resources are enviable, with more than 21 miles of pristine coastline and beaches, more than 20,000 acres of public parks and natural preserves, and miles of rivers and waterways.

distance to

235Jacksonville

miles

162Tampa

miles

130Orlando

miles

119Miam

miles

93 Ft. Lauderdale

miles

161Naples

miles

3

WALGREENS | PORT ST. LUCIE, FL

regional map

local map

SUBJECT

SUBJECT

AREA OVERVIEW

Property DescriptionLOCATION

1954 SW Gatlin Boulevard Port St. Lucie, Florida 34953

BUILDING AREA

The subject consists of one (1) retail building totaling approximately 13,566 square feet of net rentable area.

2016 TRAFFIC COUNTS

Gatlin Boulevard 43,000 AADT

State of Florida DOT 2016

SITE

This property is located at the signalized intersection of Gatlin Boulevard & Fondura Road..

LAND AREA

The Property consists of one (1) parcel totaling approximately 1.8 acres of land area.

BUILT

The subject building was built in 2009

PARKING

The Property provides 68 parking stalls which equates to 5.01:1,000 SF parking ratio.

PROPERTY DESCRIPTION

5

WALGREENS | PORT ST. LUCIE, FL

SW G

ATLIN BOULEVARD (

43,000 A

ADT)

SW Fondura Road

SW Savag e Road

N

SOUTHWEST

TRADITIONMEDICAL CENTER

77,500 AADT

SW G

ATLI

N B

OU

LEVA

RD (

43,0

00 A

AD

T)

N

77,500 AADT

TRADITIONMEDICAL CENTER

WEST

TRADITION VILLAGE

THE LANDING AT TRADITION

8

WALGREENS | PORT ST. LUCIE, FLN

SW GATLIN BO

ULEVARD (43,000 AADT)

9

WALGREENS | PORT ST. LUCIE, FL

Walgreen Co. (NYSE: WAG ) S&P Rating: BBB www.walgreens.com

Walgreens is the largest, most successful drugstore chain in the US. Founded in 1901 and headquartered in Deerfield, IL, Walgreen Co. operates 8,582 locations in 50 US states, the District of Columbia, Guam, and Puerto Rico. With the goal to establish an unprecedented and efficient global pharmacy-led, health and wellbeing network, Walgreens and Alliance Boots recently announced that they had entered into a strategic, long-term relationship with AmerisourceBergen, one of North America’s largest pharmaceutical services companies. This relationship will enable Walgreens, Alliance Boots and AmerisourceBergen to benefit from greater scale and global opportunities and work together on programs to improve service levels and efficiencies, while reducing costs and increasing patient access to pharmaceuticals. Together these three companies will help address global health care challenges by making it easier for manufacturers to bring products to market; increasing accessibility to the benefits of global sourcing and best practices for community pharmacies; and providing patients with better access to health care. The collaboration will also generate opportunities to attract partners in new markets and prospects in existing markets around the globe.

TENANT DESCRIPTION

10

WALGREENS | PORT ST. LUCIE, FL

AFFILIATED BUSINESS DISCLOSURE

CBRE operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

CONFIDENTIALITY AGREEMENT

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the property or the owner of all Property (the”Owner”), to be all-inclusive or to contain all or part of the information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors being the control of the Owner and CBRE,Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or CBRE, Inc., nor any of their respectful directors, officers, Affiliates or representatives make an representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

DISCLAIMER

©2017 CBRE, Inc. The information containing in this document has been obtained for sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the Property of their respective owners.

CONFIDENTIAL MEMORANDUM & DISCLAIMER

© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.CBRE, and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

MARK DRAZEKSenior Vice President Capital Markets | Net Lease Properties

For further information:+1 407 404 5022ray.romano@cbre.com

CBRE, Inc. | Licensed Real Estate Broker

EXCLUSIVELY MARKETED BY

RAY ROMANOFirst Vice President Capital Markets | Net Lease Properties